Wednesday, December 2, 2015

Progressive Punjab Investors’ Summit garners Rs 1.13 lakh-crore proposals

Corporate magnates expressed business plans for Punjab committing Rs 1.13 lakh crore, bifolding the sum they promised two years ago. S. Sukhbir Singh Badal(Deputy Chief Minister of the state) expeditiously relieved inputs of food processing sector from taxes and promised power at Rs 4.99 per unit, cheapest in the country. Agreements signed in second edition of Progressive Punjab Investors’ Summit touched 374.
Mukesh Ambani of Reliance Industries, YC Deveshwar of ITC Ltd, Chanda Kochhar of ICICI Bank, Rahul Bajaj of Bajaj group and Sunil Kant Munjal of Hero MotorCorp led the galaxy of investors to take the additory worth to Rs 1.13 lakh crore.
  • Reliance Industries Chairman Mukesh Ambani have committed an investment over Rs 2,000 crore and announced that Punjab will be the first state in India to have full mobile broadband connectivity from Reliance Jio Infocomm.
  • Kings College, London, in association with UK Healthcare Ltd is set to invest Rs1,000 crore in a medical college and hospital in New Chandigarh.
  • ICICI Bank MD and CEO Chanda Kochhar launched two new products – Tatkal Shishu and Tatkal Kisan Credit Card and also plan to expand  skill development initiatives through ICICI Academy for Skills by setting up a 30,000 sq ft skilling centre.

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